Pay-Go is a pay-as-you-go billing solution for your worker’s compensation coverage. It allows you to pay your workers compensation premiums as you run your payrolls, making it easier than ever to manage cash flow. Premiums are automatically drawn from your designated checking account every time payrolls are processed.
- Save time and money
- No down payment or deposit
- Premium is calculated on actual payroll at each pay period, not estimated
- Competitive rates with quotes from multiple insurance companies
- No checks to write, premium is automatically debited
- No monthly or quarterly audit reports to complete
- Audit adjustments are minimal–audit process handled internally with no additional paperwork, unless state mandated
Want to Keep your broker? Great! Zuma doesn’t sell insurance. We work with your current broker on applying a pay as you go billing solution.
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Pay As You Go Workers Comp Comparison
| Traditional Workers' Comp | Pay-As-You-Go Workers' Comp | |
|---|---|---|
| Deposit/ Down Payment | 25% Minimum | No Deposit/No Down Payment |
| Premium | Estimated, Based on projected payroll (usually underestimated) | Calculated, based on actual payroll at each pay period |
| Reports | Monthly and quarterly audit reports to complete | No monthly or quarterly audit reports required |
| Audit | Year end on site or phone audit, documentation required, additional premium due or refund | Handled internally, minimal adjustments and no additional paperwork (unless state mandated.) |